Miguel Palacios Lleras

Investing in Human Capital (eBook, PDF)

A Capital Markets Approach to Student Funding

• Format: PDF

Produktbeschreibung

Most higher education finance literature assumes that students cannot pledge their future earnings to finance their education in a free society. Investing in Human Capital, first published in 2004, challenges that assumption and explores human capital contracts as an alternative mechanism for financing higher education. Investing in Human Capital tracks the roots of the idea behind human capital contracts, discusses the beneficial consequences they would have on students and on higher education markets, and describes how they can develop in light of the innovations that have taken place in financial markets during the last decades. The book also explores the challenges - ethical and financial - that such instruments face and offers implementation alternatives that can bring about their existence in the context of a national higher education financing programme.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 11. März 2004
• Englisch
• ISBN-13: 9780511889691
• Artikelnr.: 38198764

Autorenporträt

Miguel Palacios Lleras is a Fellow at the Batten Institute, Darden School of Business Administration at the University of Virginia. He is the author of numerous papers on financing human capital and is co-founder of Lumni, a company that manages human capital funds.

Inhaltsangabe

List of figures
List of tables
Foreword
Acknowledgements
Introduction
Part I. The Problem of Financing Education: 1. The value of education
2. Market failure in the financing of education
3. The need for alternatives to traditional funding
Part II. Equity-Like Investments to Finance Education: 4. The evolution of human capital contracts
5. How human capital contracts work
6. The case for human capital contracts
7. Human capital options
Part III. Implementing Human Capital Contracts: 8. Hurdles in the implementation of human capital contracts
9. Lessons from the implementation of income-contingent loans
10. Government-driven implementation of human capital contracts
11. Conclusion
Appendices
Notes
References
Index.